BROADSTONE – MIXED RETAIL INVESTMENT

189 Lower Blandford Rd, Broadstone BH18 8DH, UK

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For Sale £575,000 Freehold - Investment
Tenure: FreeholdLocation: Broadstone Download Property Details

LOCATION

Fronting onto The Broadway in the centre of Broadstone, a popular commercial and shopping district within the Poole/Bournemouth/Christchurch conurbation.  Nearby are national as well as local shops including Costa Coffee, Boots, Tesco Express, Marks & Spencer food hall, Lloyds Pharmacy and some of the national high street banks.

DESCRIPTION

Three storey building with brick elevations under a pitched hipped concrete tile roof and further single storey ancillary accommodation at the rear, comprising brick elevations under a flat roof.

The property comprises two double shop units on the ground floor, a maisonette and hair salon at first floor and ancillary/storage accommodation to the rear.  There is also a rear car parking area.

TENANCY SCHEDULE & ACCOMMODATION

1.  189 The Broadway (occupied by G&T World of Cards – Long Leasehold)

Let to an individual  on a full repairing and insuring lease for a term of 99 years from 25th December 1958 (approximately 39 years remaining).  The rent is £300 per annum which is fixed for the duration of the term.

Retail Floor Area           2,288 sq ft        (212.56 sq m)

Rear Storeroom                550 sq ft        (51.15 sq m)

Side Offices/Workshop   774 sq ft        (71.9 sq m)

First and Second Floor Maisonette

We understand the accommodation comprises 3 double bedrooms and 2 reception rooms.

2. Land at Rear of 189a & 189b The Broadway

Let to an individual on a 99-year lease from 25th December 1959 (approximately 40 years unexpired).  The rent is £50 per annum fixed for the duration and the lease is on full repairing and insuring terms.

3. 189a&b The Broadway

Let to White Daisy Catering Ltd. for a term of 10 years from 30th June 2015, at a rent of £24,000 per annum.  The lease is on full repairing and insuring terms and includes a rent review and tenant break on 30th June 2020.

Restaurant Area            779 sq ft           (72.37 sq m)

Store/Kitchenette             51 sq ft           (4.74 sq m)

4. Maisonette over 189a&b The Broadway

Let to an individual on a 12-year full repairing and insuring lease from 8th February 2007 at a current rent of £13,100 per annum.

First Floor

Entrance Hallway

Reception

Salon

Treatment Room

567 sq ft            (52.68 sq m)

Second Floor

2 Treatment Rooms

Staffroom

Bathroom

412 sq ft            (38.28 sq m)

SERVICES                             

We understand that mains drainage, water, electricity and gas services are available and linked to the premises.

PLANNING

The property is currently used for A1 Retail and a café/restaurant on the ground floor and a hairdressing salon and residential on the first floor.   Interested parties should make their own enquiries of the local planning authority in respect of their intended use.

RATING                                  

The property is assessed for business rates as follows:-                                                 

189 Lower Blandford Road  (Shop & Premises) – RV £33,000

189a & b Lower Blandford Road (Restaurant & Premises) –  RV  £20,500

First and Second Floor, 189a Lower Blandford Road (Hairdressing Salon & Premises) – RV  £11,500.

We understand the maisonette at 189b Lower Blandford Road is assessed at Council Tax Band ‘D’.

LEASES

Lease details available on request.

EPC                                         

189 The Broadway (retail shop) – energy performance Band C.

189a & b The Broadway (restaurant) – energy performance Band D.

189a The Broadway (hair salon) – energy performance Band D.

189b The Broadway (residential) – energy performance Band E (potential Band D).

 

 

 

 

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FINANCE ACT 1989

Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

IDENTIFICATION

Under Money Laundering Regulations, we are obliged to verify the identity of a proposed Tenant or Purchaser prior to instructing solicitors. This is to help combat fraud and money laundering and the requirements are contained in statute. A letter will be sent to the proposed tenant or purchaser once terms have been agreed.

IMPORTANT NOTE

These property particulars are intended as general guidance for prospective lessees or purchasers. They do not constitute all or any part of an offer or contract. James and Sons, either for themselves or as agents on behalf of the lessor or vendor give no warranty as to the accuracy of any of the information contained herein. All descriptions, measurements, references to condition and statements as to planning use and permissions or other matter contained in these particulars are given in good faith and are believed to be correct but their accuracy is not guaranteed and should not be relied upon as fact without independent verification. No person in the employment of James and Sons has any authority to make any representations or warranty (verbal or otherwise) in respect of this property and any intending lessee(s) or purchaser(s) should make their own independent enquiry and investigations and inspections to verify the accuracy or otherwise of any information. At no time has any structural or other survey been carried out and no services or appliances have been tested. Interested parties should satisfy themselves as to the structural integrity of the property and the condition and working order of all services, appliances, fixtures and fittings.

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